Stocks suffer setbacks all the time. Many of them are to no avail. Thursday's setback, however, means more than it may seem on the surface. That's not necessarily a conclusion you would draw from the numbers alone. The S&P 500 fell nearly 2.4% in Thursday's trading, but we've seen worse, and recently. Some of those big stumbles were an omen...
Stocks suffer setbacks all the time. Many of them are to no avail. Thursday's setback, however, means more than it may seem on the surface. That's not necessarily a conclusion you would draw from the numbers alone. The S&P 500 fell nearly 2.4% in Thursday's trading, but we've seen worse, and recently. Some of those big stumbles were an omen...
— Bitcoin continues to hold support, but not in an inspiring way. Now more than ever traders need to know the key levels. — By Bret Kenwell, TheStreet.com Bitcoin lately has been quiet – perhaps too quiet. It may have proved a good bet against inflation, as it rose considerably from the aftermath of covid-19 to its highs in late...
And just like that, what looked like a recovery effort came to a screeching halt. The previous week's 6.6% gain was halted in its tracks last week, ceding to weakness that ultimately dragged the S&P 500 1.2% lower for the four-day-trading-day stretch. It's not necessarily the end of the world. That 6.6% advance was a tough act to follow. The...
And just like that, what looked like a recovery effort came to a screeching halt. The previous week's 6.6% gain was halted in its tracks last week, ceding to weakness that ultimately dragged the S&P 500 1.2% lower for the four-day-trading-day stretch. It's not necessarily the end of the world. That 6.6% advance was a tough act to follow. The...
— Despite rising fuel costs, Delta Air Lines looks for $1.5 billion in free cash flow and a return to pre-Covid revenue trends. — By Bret Kenwell, TheStreet.com Considered by many to be the top airline, Delta Air Lines (DAL) just can't catch a break. Investors were looking for a potentially significant rotation to take place over last week's high....
The seven-week losing streak was finally snapped… in spades. The S&P 500 bounced an impressive 6.6% last week, closing at its highest level seen since late April. This is what a reversal would look like at its inception. Don't be too quick to jump to such a conclusion though. Last week's strength was almost too good to be true, and...
The seven-week losing streak was finally snapped… in spades. The S&P 500 bounced an impressive 6.6% last week, closing at its highest level seen since late April. This is what a reversal would look like at its inception. Don't be too quick to jump to such a conclusion though. Last week's strength was almost too good to be true, and...
— Nvidia stock is being bought on the dip. Here's how traders should approach it now. — By Bret Kenwell, TheStreet.com After the market on May 25 finished strongly, all eyes shifted to Nvidia (NVDA) as investors looked for one of the market's top tech firms to give stocks another lift. When the company reported earnings after the close, the...
— Zoom Video stock has fallen 86% from its all-time high. Here's how to trade it after the company reports earnings. — By Bret Kenwell, TheStreet.com Once a Covid-19 darling, videoconferencing-tech specialist Zoom Video's (ZM) stock rose 850% from low to high in a span of 10 months. Since then it's been a train wreck. The shares peaked in October...
